CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
ASSETS
Cash and cash equivalents	$ 326,085	$ 146,514
Restricted cash	8,105	7,696
Real estate:
Land	360,378	341,702
Building and improvements	794,891	1,009,286
In-place lease intangible assets	106,067	141,193
Construction in progress	2,601	962
Total real estate	1,263,937	1,493,143
Less: accumulated depreciation and amortization	(197,885)	(224,247)
Total real estate, net	1,066,052	1,268,896
Assets related to discontinued operations, net	475,886	1,101,356
Above-market lease intangible assets, net	1,149	2,401
Deferred rent receivable	17,356	22,958
Deferred leasing costs, net	3,671	5,013
Goodwill	68,373	68,373
Right-of-use lease assets	1,482	755
Interest rate swap asset, at fair value	0	15,974
Other assets	18,215	36,296
Total assets	1,986,374	2,676,232
LIABILITIES AND EQUITY
Debt, net	1,037,637	1,344,619
Interest rate swap liability, at fair value	5,333	0
Distributions payable	3,804	8,477
Below-market lease intangible liabilities, net	36,144	39,832
Right-of-use lease liabilities	1,486	744
Accrued expenses and other liabilities	58,858	62,312
Liabilities related to discontinued operations	66,256	68,226
Total liabilities	1,209,518	1,524,210
Commitments and contingencies (Note 13)
Shareholders’ equity:
Common shares, $0.001 par value; 800,000,000 shares authorized; 36,790,867 and 36,733,327 shares outstanding in the aggregate as of September 30, 2025 and December 31, 2024, respectively	37	37
Additional paid-in capital	3,024,078	3,016,804
Cumulative distributions	(1,129,788)	(1,109,215)
Accumulated earnings	(1,149,462)	(838,279)
Accumulated other comprehensive (loss) income	(3,746)	15,874
Total shareholders’ equity	741,119	1,085,221
Noncontrolling interests	35,737	66,801
Total equity	776,856	1,152,022
Total liabilities and equity	$ 1,986,374	$ 2,676,232