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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Real estate properties:    
Land $ 826,948 $ 874,108
Buildings and improvements 3,049,397 3,036,978
Total real estate properties, gross 3,876,345 3,911,086
Accumulated depreciation (538,436) (495,912)
Total real estate properties, net 3,337,909 3,415,174
Assets of properties held for sale 4,498 26,598
Investments in unconsolidated joint ventures 35,070 34,838
Acquired real estate leases, net 396,263 505,629
Cash and cash equivalents 14,005 83,026
Restricted cash 1,520 1,489
Rents receivable 105,391 112,886
Due from related persons 464 0
Deferred leasing costs, net 63,951 53,883
Other assets, net 9,915 8,160
Total assets 3,968,986 4,241,683
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Unsecured revolving credit facility 135,000 0
Senior unsecured notes, net 2,185,974 2,479,772
Mortgage notes payable, net 72,841 98,178
Liabilities of properties held for sale 1,217 594
Accounts payable and other liabilities 152,945 142,609
Due to related persons 0 6,787
Assumed real estate lease obligations, net 14,844 17,034
Total liabilities 2,562,821 2,744,974
Commitments and contingencies
Shareholders’ equity:    
Common shares of beneficial interest, $0.01 par value: 200,000,000 shares authorized, 48,566,206 and 48,425,665 shares issued and outstanding, respectively 486 484
Additional paid in capital 2,619,041 2,617,169
Cumulative net income 163,216 175,715
Cumulative common distributions (1,376,578) (1,296,659)
Total shareholders’ equity 1,406,165 1,496,709
Total liabilities and shareholders’ equity $ 3,968,986 $ 4,241,683