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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Real estate properties:    
Land $ 865,218 $ 830,884
Buildings and improvements 2,982,746 2,691,259
Total real estate properties, gross 3,847,964 3,522,143
Accumulated depreciation (455,135) (451,914)
Total real estate properties, net 3,392,829 3,070,229
Assets of properties held for sale 47,698 75,177
Investments in unconsolidated joint ventures 36,669 37,951
Acquired real estate leases, net 570,449 548,943
Cash and cash equivalents 18,667 42,045
Restricted cash 1,414 14,810
Rents receivable 90,985 101,766
Deferred leasing costs, net 46,185 42,626
Other assets, net 6,317 12,889
Total assets 4,211,213 3,946,436
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Unsecured revolving credit facility 385,000 0
Senior unsecured notes, net 2,032,764 2,033,242
Mortgage notes payable, net 98,739 169,729
Liabilities of properties held for sale 2,427 891
Accounts payable and other liabilities 127,359 116,480
Due to related persons 17,882 6,114
Assumed real estate lease obligations, net 18,492 10,588
Total liabilities 2,682,663 2,337,044
Commitments and contingencies
Shareholders’ equity:    
Common shares of beneficial interest, $0.01 par value: 200,000,000 shares authorized, 48,334,357 and 48,318,366 shares issued and outstanding, respectively 483 483
Additional paid in capital 2,616,450 2,615,305
Cumulative net income 155,058 183,895
Cumulative common distributions (1,243,441) (1,190,291)
Total shareholders’ equity 1,528,550 1,609,392
Total liabilities and shareholders’ equity $ 4,211,213 $ 3,946,436