CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Real estate properties:
Land	$ 711,039	$ 786,310
Buildings and improvements	2,946,520	3,279,369
Total real estate properties, gross	3,657,559	4,065,679
Accumulated depreciation	(618,650)	(650,179)
Total real estate properties, net	3,038,909	3,415,500
Assets of properties held for sale	32,199	37,310
Investments in unconsolidated joint ventures	17,370	18,128
Acquired real estate leases, net	193,739	263,498
Cash and cash equivalents	261,318	12,315
Restricted cash	13,847	14,399
Rents receivable	155,668	133,264
Deferred leasing costs, net	97,642	86,971
Other assets, net	11,594	8,284
Total assets	3,822,286	3,989,669
LIABILITIES AND SHAREHOLDERS’ EQUITY
Unsecured debt, net	662,277	2,400,478
Secured debt, net	1,872,357	172,131
Liabilities of properties held for sale	765	2,525
Accounts payable and other liabilities	118,689	140,166
Due to related persons	5,869	7,025
Assumed real estate lease obligations, net	9,525	11,665
Total liabilities	2,669,482	2,733,990
Commitments and contingencies
Shareholders’ equity:
Common shares of beneficial interest, $.01 par value: 200,000,000 shares authorized, 69,824,743 and 48,755,415 shares issued and outstanding, respectively	698	488
Additional paid in capital	2,656,548	2,621,493
Cumulative net (loss) income	(35,933)	100,174
Cumulative common distributions	(1,468,509)	(1,466,476)
Total shareholders’ equity	1,152,804	1,255,679
Total liabilities and shareholders’ equity	$ 3,822,286	$ 3,989,669