Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Assets
Investment in real estate, net of accumulated depreciation and amortization of $1,972,264 and $1,821,344, respectively	$ 4,787,864	$ 4,820,748
Assets held for sale	0	17,015
Cash and cash equivalents	8,515	10,253
Restricted cash-furniture, fixtures and other escrows	30,903	33,814
Due from third party managers, net	32,952	34,522
Other assets, net	41,944	53,568
Total Assets	4,902,178	4,969,920
Liabilities
Debt, net	1,538,584	1,471,452
Finance lease liabilities	111,094	111,585
Accounts payable and other liabilities	103,905	121,024
Total Liabilities	1,753,583	1,704,061
Shareholders' Equity
Preferred stock, authorized 30,000,000 shares; none issued and outstanding	0	0
Common stock, no par value, authorized 800,000,000 shares; issued and outstanding 235,635,813 and 239,765,905 shares, respectively	4,719,900	4,771,005
Accumulated other comprehensive income	2,251	15,587
Accumulated distributions greater than net income	(1,573,556)	(1,520,733)
Total Shareholders' Equity	3,148,595	3,265,859
Total Liabilities and Shareholders' Equity	$ 4,902,178	$ 4,969,920