CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
ASSETS
Cash and cash equivalents	$ 138,673	$ 146,514
Restricted cash	7,767	7,696
Real estate:
Land	381,824	341,702
Building and improvements	810,112	1,009,286
In-place lease intangible assets	109,852	141,193
Construction in progress	4,233	962
Total real estate	1,306,021	1,493,143
Less: accumulated depreciation and amortization	(211,099)	(224,247)
Total real estate, net	1,094,922	1,268,896
Assets related to discontinued operations, net	0	1,101,356
Above-market lease intangible assets, net	1,257	2,401
Deferred rent receivable	18,173	22,958
Deferred leasing costs, net	3,885	5,013
Goodwill	68,373	68,373
Right-of-use lease assets	1,325	755
Interest rate swap asset, at fair value	0	15,974
Other assets	18,449	36,296
Total assets	1,352,824	2,676,232
LIABILITIES AND EQUITY
Debt, net	474,006	1,344,619
Interest rate swap liability, at fair value	2,444	0
Distributions payable	3,818	8,477
Below-market lease intangible liabilities, net	34,261	39,832
Right-of-use lease liabilities	1,334	744
Accrued expenses and other liabilities	58,258	62,312
Liabilities related to discontinued operations	0	68,226
Total liabilities	574,121	1,524,210
Commitments and contingencies (Note 13)
Shareholders’ equity:
Common shares, $0.001 par value; 800,000,000 shares authorized; 37,176,167 and 36,733,327 shares outstanding in the aggregate as of December 31, 2025 and December 31, 2024, respectively	37	37
Additional paid-in capital	3,025,954	3,016,804
Cumulative distributions	(1,133,542)	(1,109,215)
Accumulated earnings	(1,145,986)	(838,279)
Accumulated other comprehensive (loss) income	(1,038)	15,874
Total shareholders’ equity	745,425	1,085,221
Noncontrolling interests	33,278	66,801
Total equity	778,703	1,152,022
Total liabilities and equity	$ 1,352,824	$ 2,676,232