CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Real estate investments, at cost:
Land	$ 174,535	$ 190,082
Buildings, fixtures and improvements	1,785,952	2,012,401
Acquired intangible assets	246,544	284,447
Construction in progress	2,994	7,867
Total real estate investments, at cost	2,210,025	2,494,797
Less: accumulated depreciation and amortization	(691,200)	(725,831)
Total real estate investments, net	1,518,825	1,768,966
Cash and cash equivalents	57,620	21,652
Restricted cash	50,832	52,443
Derivative assets, at fair value	569	19,206
Straight-line rent receivable, net	21,486	22,841
Operating lease right-of-use assets	7,377	7,480
Prepaid expenses and other assets, net	23,019	26,316
Accounts receivable, net	9,252	5,850
Deferred costs, net	22,792	21,269
Total assets	1,711,772	1,946,023
Liabilities
Mortgage notes payable, net	367,629	779,160
Market lease intangible liabilities, net	4,851	6,125
Derivative liabilities, at fair value	188	0
Accounts payable and accrued expenses	44,381	89,575
Operating lease liabilities	8,467	8,109
Deferred rent	9,247	7,217
Distributions payable	3,340	3,496
Total liabilities	1,107,247	1,255,898
Commitments and Contingencies
Equity
Common stock, 0.01 par value, 300,000,000 shares authorized; 28,426,694 and 28,296,439 shares issued and outstanding as of December 31, 2025 and 2024, respectively	1,132	1,132
Additional paid-in capital	2,531,315	2,533,706
Accumulated other comprehensive income	5,604	16,640
Distributions in excess of accumulated earnings	(1,938,060)	(1,866,994)
Total stockholders’ equity	600,064	684,560
Non-controlling interests	4,461	5,565
Total equity	604,525	690,125
Total liabilities and equity	1,711,772	1,946,023
Fannie Mae and other secured debt | Secured Debt
Liabilities
Fannie Mae and other secured debt/ Revolving credit facility / Term Loan, net	334,739	362,216
Credit Agreement | Revolving Credit Facility
Liabilities
Fannie Mae and other secured debt/ Revolving credit facility / Term Loan, net	186,000	0
Credit Agreement | Secured Debt
Liabilities
Fannie Mae and other secured debt/ Revolving credit facility / Term Loan, net	148,405	0
Series A Preferred Stock
Equity
Preferred stock	38	40
Series B Preferred Stock
Equity
Preferred stock	$ 35	$ 36