v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Investment in real estate    
Land $ 19,754 $ 25,406
Buildings and improvements 124,834 134,946
Accumulated depreciation (15,455) (14,908)
Real Estate Investment Property, at Cost, Total 129,133 145,444
Construction in progress 0 629
Net investment in real estate 129,133 146,073
Real estate held for sale 2,281 8,692
Investment in unconsolidated entities 143,326 156,242
Cash and cash equivalents 48,426 48,088
Restricted cash 14,435 14,197
Tenant and other receivables, net 3,372 3,665
Lease intangible assets, net 0 171
Prepaid expenses, deferred expenses and other assets, net 12,606 16,651
Total assets 353,579 393,779
Liabilities    
Term loan facility, net 49,660 47,677
Accounts payable, accrued expenses and other liabilities 11,043 13,302
Liabilities related to real estate held for sale 659 0
Total liabilities 61,362 60,979
Commitments and Contingencies (Note 9)
Shareholders' Equity    
Additional paid-in capital 1,362,028 1,362,719
Accumulated deficit (1,070,401) (1,031,893)
Total shareholders' equity 292,217 331,416
Non-controlling interests 0 1,384
Total equity 292,217 332,800
Total liabilities and equity 353,579 393,779
Class A Common Shares [Member]    
Shareholders' Equity    
Common shares 562 562
Series A Preferred Shares [Member]    
Shareholders' Equity    
Preferred shares $ 28 $ 28