CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Real estate investments
Real estate property	$ 1,671,663	$ 1,670,879
Accumulated depreciation	(275,799)	(255,641)
Real estate property, net	1,395,864	1,415,238
Real estate developments	41,556	46,423
Investments in sales-type leases, net of allowances (credit losses) of $44 as of September 30, 2025	23,694	0
Investments in real estate joint ventures and partnerships	5,907	5,907
Real estate intangible assets, net	26,917	31,176
Real estate investments, net	1,493,938	1,498,744
Cash and cash equivalents	17,294	33,436
Restricted cash	1,057	236
Accounts receivable, net of allowances (credit losses and doubtful accounts) of $1,479 and $1,701 as of September 30, 2025 and December 31, 2024, respectively	3,758	3,697
Operating lease right-of-use assets	15,436	148
Goodwill	8,729	8,729
Other receivables, net of allowances (credit losses) of $2,398 and $2,393 as of September 30, 2025 and December 31, 2024, respectively	6,983	16,696
Straight-line rent receivable	44,960	44,547
Investments in other joint ventures and partnerships	29,932	33,126
Prepaid expenses and other assets	27,708	31,073
Assets held for sale	7,424	0
Total assets	1,657,219	1,670,432
Liabilities:
Notes payable and other debt	475,231	474,837
Accounts payable	8,944	4,529
Operating lease liabilities	15,262	123
Accrued post-retirement benefits	7,435	7,582
Refund liability	45,300	0
Deferred revenue	12,622	72,462
Accrued dividends	17,135	17,032
Real estate intangible liabilities, net	14,211	15,278
Accrued and other liabilities	49,516	75,046
Total liabilities	645,656	666,889
Commitments and Contingencies (Note 8)
Equity:
Common stock - no par value; authorized, 225,000,000 shares; outstanding 72,758,460 and 72,633,866 shares at September 30, 2025, and December 31, 2024, respectively	1,814,385	1,811,582
Accumulated other comprehensive income (loss)	(102)	6,134
Distributions in excess of accumulated earnings	(802,720)	(814,173)
Total shareholders' equity	1,011,563	1,003,543
Total liabilities and equity	$ 1,657,219	$ 1,670,432