v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Real estate assets:    
Land [1] $ 601,547 $ 601,553
Buildings and improvements [1] 1,646,866 1,619,988
Real estate assets [1] 2,248,413 2,221,541
Accumulated depreciation [1] (389,994) (355,900)
Net investment in real estate assets [1] 1,858,419 1,865,641
Developments in progress [1] 9,440 10,533
Net investment in real estate assets [1] 1,867,859 1,876,174
Cash and cash equivalents [1] 101,280 42,287
Restricted cash [1] 101,340 110,665
Available-for-sale securities - at fair value (amortized cost of $201,402 and $292,646 as of June 30, 2026 and December 31, 2025, respectively) [1] 201,169 293,087
Receivables:    
Tenant [1] 41,833 46,489
Other [1] 1,692 1,562
Investments in unconsolidated affiliates [1] 81,704 85,941
In-place leases, net [1] 123,808 144,046
Intangible lease assets and other assets [1] 116,533 128,848
Total assets [1] 2,637,218 2,729,099
LIABILITIES AND EQUITY    
Mortgage and other indebtedness, net 2,034,011 2,170,785
Accounts payable and accrued liabilities 180,968 193,640
Total liabilities [1] 2,214,979 2,364,425
Shareholders' equity:    
Common stock, $.001 par value, 200,000,000 shares authorized, 30,942,757 and 30,322,052 issued and outstanding as of June 30, 2026 and December 31, 2025, respectively (in each case, excluding 34 treasury shares) 31 30
Additional paid-in capital 686,163 687,424
Accumulated other comprehensive (loss) income (48) 443
Accumulated deficit (258,710) (312,961)
Total shareholders' equity 427,436 374,936
Noncontrolling interests (5,197) (10,262)
Total equity 422,239 364,674
Total liabilities, redeemable noncontrolling interests and equity $ 2,637,218 $ 2,729,099
[1] As of June 30, 2026, includes $152,722 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $174,638 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 8.