CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Investment in real estate
Land	$ 65,009	$ 102,090
Buildings and improvements	239,978	344,972
Accumulated depreciation	(39,940)	(36,025)
Real Estate Investment Property, at Cost, Total	265,047	411,037
Construction in progress	93,587	135,305
Net investment in real estate	358,634	546,342
Real estate held for sale		39,332
Investment in unconsolidated entities	189,699	196,437
Cash and cash equivalents	85,206	134,001
Restricted cash	12,503	15,699
Tenant and other receivables, net	7,894	12,246
Lease intangible assets, net	1,047	886
Prepaid expenses, deferred expenses and other assets, net	22,791	28,921
Total assets	677,774	973,864
Liabilities
Term loan facility	240,000	360,000
Accounts payable, accrued expenses and other liabilities	31,971	50,700
Total liabilities	271,971	410,700
Commitments and Contingencies (Note 9)
Shareholders' Equity
Additional paid-in capital	1,362,644	1,361,742
Accumulated deficit	(958,778)	(800,342)
Total shareholders' equity	404,456	561,990
Non-controlling interests	1,347	1,174
Total equity	405,803	563,164
Total liabilities and equity	677,774	973,864
Class A Common Shares [Member]
Shareholders' Equity
Common shares	562	562
Series A Preferred Shares [Member]
Shareholders' Equity
Preferred shares	$ 28	$ 28