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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Real estate properties:    
Land $ 827,861 $ 874,108
Buildings and improvements 2,995,508 3,036,978
Total real estate properties, gross 3,823,369 3,911,086
Accumulated depreciation (515,619) (495,912)
Total real estate properties, net 3,307,750 3,415,174
Assets of properties held for sale 100,816 26,598
Investments in unconsolidated joint ventures 35,310 34,838
Acquired real estate leases, net 424,865 505,629
Cash and cash equivalents 26,006 83,026
Restricted cash 1,743 1,489
Rents receivable 103,361 112,886
Deferred leasing costs, net 59,798 53,883
Other assets, net 3,009 8,160
Total assets 4,062,658 4,241,683
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Unsecured revolving credit facility 230,000 0
Senior unsecured notes, net 2,184,073 2,479,772
Mortgage notes payable, net 72,936 98,178
Liabilities of properties held for sale 3,453 594
Accounts payable and other liabilities 134,510 142,609
Due to related persons 6,668 6,787
Assumed real estate lease obligations, net 15,568 17,034
Total liabilities 2,647,208 2,744,974
Commitments and contingencies
Shareholders’ equity:    
Common shares of beneficial interest, $0.01 par value: 200,000,000 shares authorized, 48,455,075 and 48,425,665 shares issued and outstanding, respectively 485 484
Additional paid in capital 2,618,640 2,617,169
Cumulative net income 146,252 175,715
Cumulative common distributions (1,349,927) (1,296,659)
Total shareholders’ equity 1,415,450 1,496,709
Total liabilities and shareholders’ equity $ 4,062,658 $ 4,241,683