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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Land and land improvements $ 128,029 $ 129,682
Building and improvements 835,533 834,356
Construction in progress 7,921 7,110
Real estate investments 971,483 971,148
Less accumulated depreciation (205,653) (194,849)
Real estate investments, net 765,830 776,299
Cash and cash equivalents 6,182 3,257
Restricted deposits 9,093 9,323
Investment in securities 10,230 29,371
Investment in unconsolidated affiliates 28,654 29,423
Notes receivable 10,154 8,448
Lease intangible assets, less accumulated amortization 3,304 5,290
Other assets, net 26,461 27,312
Total Assets 859,908 888,723
LIABILITIES    
Mortgage notes payable, net 518,109 506,167
Notes payable   26,500
Lines of credit 0 1,008
Dividends payable 8,521 8,493
Tenant security deposits payable 6,954 6,368
Lease intangible liabilities, less accumulated amortization 544 646
Accrued expenses and other liabilities 13,427 16,075
Total Liabilities 547,555 565,257
COMMITMENTS and CONTINGENCIES - Note 13
SHAREHOLDERS' EQUITY    
Beneficial interest 128,615 123,996
Operating partnership 167,760 183,048
Partially owned properties 2,551 2,640
Accumulated other comprehensive income 13,427 13,782
Total Shareholders' Equity 312,353 323,466
Total liabilities and shareholders' equity $ 859,908 $ 888,723