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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Investment in real estate    
Land $ 475,667 $ 592,770
Buildings and improvements 994,221 1,107,532
Accumulated depreciation (154,971) (142,206)
Real Estate Investment Property, at Cost, Total 1,314,917 1,558,096
Construction in progress 381,194 352,776
Net investment in real estate 1,696,111 1,910,872
Real estate held for sale   1,864
Investment in unconsolidated entities 498,563 457,033
Cash and cash equivalents 106,602 143,728
Restricted cash 7,151 6,526
Tenant and other receivables, net 29,111 46,570
Lease intangible assets, net 14,817 18,595
Prepaid expenses, deferred expenses and other assets, net 61,783 63,755
Total assets [1] 2,414,138 2,648,943
Liabilities    
Term loan facility, net 1,439,332 1,598,909
Sales-leaseback financing obligations 20,627 20,425
Accounts payable, accrued expenses and other liabilities 109,379 146,882
Total liabilities 1,569,338 1,766,216
Commitments and contingencies (Note 9)
Shareholders' Equity    
Additional paid-in capital 1,241,048 1,177,260
Accumulated deficit (553,771) (528,637)
Total shareholders' equity 687,741 649,040
Non-controlling interests 157,059 233,687
Total equity 844,800 882,727
Total liabilities and equity 2,414,138 2,648,943
Class A Common Shares [Member]    
Shareholders' Equity    
Common shares 436 389
Series A Preferred Shares [Member]    
Shareholders' Equity    
Preferred shares $ 28 $ 28
[1] The Company's consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIEs"). See Note 2. The consolidated balance sheets, as of December 31, 2021, include the following amounts related to our consolidated VIEs, excluding the Operating Partnership: $6.6 million of land, $3.9 million of building and improvements, $(0.9) million of accumulated depreciation and $4.0 million of other assets included in other line items. No consolidated VIEs existed on the Company's consolidated balance sheets as of December 31, 2020.