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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Real estate properties:    
Land $ 782,660 $ 786,310
Buildings and improvements 3,296,591 3,279,369
Total real estate properties, gross 4,079,251 4,065,679
Accumulated depreciation (678,278) (650,179)
Total real estate properties, net 3,400,973 3,415,500
Assets of properties held for sale 11,888 37,310
Investments in unconsolidated joint ventures 17,898 18,128
Acquired real estate leases, net 244,502 263,498
Cash and cash equivalents 23,513 12,315
Restricted cash 20,593 14,399
Rents receivable 137,489 133,264
Deferred leasing costs, net 85,828 86,971
Other assets, net 15,246 8,284
Total assets 3,957,930 3,989,669
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Unsecured debt, net 1,847,664 2,400,478
Secured debt, net 731,563 172,131
Liabilities of properties held for sale 324 2,525
Accounts payable and other liabilities 109,665 140,166
Due to related persons 7,259 7,025
Assumed real estate lease obligations, net 11,091 11,665
Total liabilities 2,707,566 2,733,990
Commitments and contingencies
Shareholders’ equity:    
Common shares of beneficial interest, $.01 par value: 200,000,000 shares authorized, 48,754,546 and 48,755,415 shares issued and outstanding, respectively 488 488
Additional paid in capital 2,621,849 2,621,493
Cumulative net income 94,990 100,174
Cumulative common distributions (1,466,963) (1,466,476)
Total shareholders’ equity 1,250,364 1,255,679
Total liabilities and shareholders’ equity $ 3,957,930 $ 3,989,669