Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Real estate, at cost:
Land and improvements	$ 1,019,967	$ 1,109,172
Buildings and improvements	3,973,514	4,083,937
Construction in progress, including land	175,673	338,333
Real estate, at cost	5,169,154	5,531,442
Less: accumulated depreciation	(1,408,641)	(1,419,983)
Real estate, net	3,760,513	4,111,459
Cash and cash equivalents	75,270	145,804
Restricted cash	28,020	37,388
Tenant and other receivables	21,810	23,478
Deferred rent receivable	182,891	170,153
Investments in unconsolidated real estate ventures	105,711	93,654
Deferred leasing costs, net	66,356	69,821
Intangible assets, net	30,333	47,000
Other assets, net	117,287	131,318
Assets held for sale	0	190,465
TOTAL ASSETS	4,388,191	5,020,540
Liabilities:
Mortgage loans, net	1,579,158	1,767,173
Revolving credit facility	205,000	85,000
Term loans, net	718,408	717,853
Accounts payable and accrued expenses	84,748	101,096
Other liabilities, net	131,945	115,827
Liabilities related to assets held for sale		901
Total liabilities	2,719,259	2,787,850
Commitments and contingencies
Redeemable noncontrolling interests	511,342	423,632
Shareholders' equity:
Preferred shares, $0.01 par value - 200,000 shares authorized; none issued
Additional paid-in capital	2,338,881	2,790,403
Accumulated deficit	(1,180,410)	(997,283)
Accumulated other comprehensive income (loss)	(1,613)	15,092
Total equity	1,157,590	1,809,058
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY	4,388,191	5,020,540
Common shares
Shareholders' equity:
Common shares	596	$ 846
Class B Common Shares
Shareholders' equity:
Common shares	$ 136