v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Real estate assets:    
Land [1] $ 597,736 $ 601,553
Buildings and improvements [1] 1,659,865 1,619,988
Real estate assets [1] 2,257,601 2,221,541
Accumulated depreciation [1] (408,254) (355,900)
Net investment in real estate assets [1] 1,849,347 1,865,641
Held-for-sale [1] 7,451  
Developments in progress [1] 10,324 10,533
Net investment in real estate assets [1] 1,867,122 1,876,174
Cash and cash equivalents [1] 60,955 42,287
Restricted cash [1] 102,750 110,665
Available-for-sale securities - at fair value (amortized cost of $290,311 and $292,646 as of September 30, 2026 and December 31, 2025, respectively) [1] 289,937 293,087
Receivables:    
Tenant [1] 43,288 46,489
Other [1] 1,565 1,562
Investments in unconsolidated affiliates [1] 74,629 85,941
In-place leases, net [1] 111,586 144,046
Intangible lease assets and other assets [1] 108,986 128,848
Total assets [1] 2,660,818 2,729,099
LIABILITIES AND EQUITY    
Mortgage and other indebtedness, net 2,025,450 2,170,785
Accounts payable and accrued liabilities 217,579 193,640
Total liabilities [1] 2,243,029 2,364,425
Shareholders' equity:    
Common stock, $.001 par value, 200,000,000 shares authorized, 30,940,789 and 30,322,052 issued and outstanding as of September 30, 2026 and December 31, 2025, respectively (in each case, excluding 34 treasury shares) 31 30
Additional paid-in capital 688,572 687,424
Accumulated other comprehensive (loss) income (161) 443
Accumulated deficit (266,256) (312,961)
Total shareholders' equity 422,186 374,936
Noncontrolling interests (4,397) (10,262)
Total equity 417,789 364,674
Total liabilities, redeemable noncontrolling interests and equity $ 2,660,818 $ 2,729,099
[1] As of September 30, 2026, includes $155,197 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $174,402 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 8.