XML 9 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Investment in real estate    
Land $ 59,157 $ 102,090
Buildings and improvements 208,255 344,972
Accumulated depreciation (29,142) (36,025)
Real Estate Investment Property, at Cost, Total 238,270 411,037
Construction in progress 105,780 135,305
Net investment in real estate 344,050 546,342
Real estate held for sale 87,137 39,332
Investment in unconsolidated entities 195,353 196,437
Cash and cash equivalents 86,706 134,001
Restricted cash 13,809 15,699
Tenant and other receivables, net 9,134 12,246
Lease intangible assets, net 188 886
Prepaid expenses, deferred expenses and other assets, net 21,941 28,921
Total assets 758,318 973,864
Liabilities    
Term loan facility 280,000 360,000
Accounts payable, accrued expenses and other liabilities 36,639 50,700
Total liabilities 316,639 410,700
Commitments and contingencies (Note 9)
Shareholders' Equity    
Additional paid-in capital 1,362,864 1,361,742
Accumulated deficit (923,004) (800,342)
Total shareholders' equity 440,450 561,990
Non-controlling interests 1,229 1,174
Total equity 441,679 563,164
Total liabilities and shareholders' equity 758,318 973,864
Class A Common Shares [Member]    
Shareholders' Equity    
Common shares 562 562
Series A Preferred Shares [Member]    
Shareholders' Equity    
Preferred shares $ 28 $ 28