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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Investment in real estate    
Land $ 154,807 $ 172,813
Buildings and improvements 464,586 463,616
Accumulated depreciation (55,347) (57,330)
Real Estate Investment Property, at Cost, Total 564,046 579,099
Construction in progress 157,824 185,324
Net investment in real estate 721,870 764,423
Real estate held for sale 245,894 455,617
Investment in unconsolidated entities 353,919 382,597
Cash and cash equivalents 120,476 133,480
Restricted cash 11,576 11,459
Tenant and other receivables, net 25,982 41,495
Lease intangible assets, net 1,615 1,791
Prepaid expenses, deferred expenses and other assets, net 35,041 50,859
Total assets 1,516,373 1,841,721
Liabilities    
Term loan facility, net 799,859 1,029,754
Accounts payable, accrued expenses and other liabilities 58,559 89,368
Total liabilities 858,418 1,119,122
Commitments and contingencies (Note 9)
Shareholders' Equity    
Additional paid-in capital 1,360,060 1,360,411
Accumulated deficit (703,742) (640,531)
Total shareholders' equity 656,907 720,469
Non-controlling interests 1,048 2,130
Total equity 657,955 722,599
Total liabilities and shareholders' equity 1,516,373 1,841,721
Class A Common Shares [Member]    
Shareholders' Equity    
Common shares 561 561
Series A Preferred Shares [Member]    
Shareholders' Equity    
Preferred shares $ 28 $ 28