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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Real estate properties:    
Land $ 821,238 $ 874,108
Buildings and improvements 3,114,836 3,036,978
Total real estate properties, gross 3,936,074 3,911,086
Accumulated depreciation (561,458) (495,912)
Total real estate properties, net 3,374,616 3,415,174
Assets of properties held for sale 2,516 26,598
Investments in unconsolidated joint ventures 35,129 34,838
Acquired real estate leases, net 369,333 505,629
Cash and cash equivalents 12,249 83,026
Restricted cash 0 1,489
Rents receivable 105,639 112,886
Deferred leasing costs, net 73,098 53,883
Other assets, net 7,397 8,160
Total assets 3,979,977 4,241,683
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Unsecured revolving credit facility 195,000 0
Senior unsecured notes, net 2,187,875 2,479,772
Mortgage notes payable, net 49,917 98,178
Liabilities of properties held for sale 73 594
Accounts payable and other liabilities 140,151 142,609
Due to related persons 6,469 6,787
Assumed real estate lease obligations, net 14,157 17,034
Total liabilities 2,593,642 2,744,974
Commitments and contingencies
Shareholders’ equity:    
Common shares of beneficial interest, $.01 par value: 200,000,000 shares authorized, 48,565,644 and 48,425,665 shares issued and outstanding, respectively 486 484
Additional paid in capital 2,619,532 2,617,169
Cumulative net income 169,606 175,715
Cumulative common distributions (1,403,289) (1,296,659)
Total shareholders’ equity 1,386,335 1,496,709
Total liabilities and shareholders’ equity $ 3,979,977 $ 4,241,683