CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands		Sep. 30, 2025	Dec. 31, 2024
Investments in real estate:
Land, buildings and improvements		$ 477,947	$ 730,345
In-place lease intangible assets and other		185,125	209,968
Above-market rent intangible assets		26,188	30,512
Investments in real estate		689,260	970,825
Accumulated depreciation and amortization		(266,244)	(292,679)
Assets held for sale, net		27,399	29,297
Net investments in real estate		450,415	707,443
Cash and cash equivalents		38,689	25,121
Restricted cash		2,442	43,305
Other assets, net		31,005	29,200
Total assets	[1]	522,551	805,069
Debt:
Non-recourse mortgages, net		47,120	111,259
NLOP Mezzanine Loan, net		0	57,957
Debt, net		47,120	169,216
Accounts payable, accrued expenses and other liabilities		38,468	44,145
Below-market rent intangible liabilities, net		2,743	6,305
Total liabilities	[1]	88,331	219,666
Commitments and contingencies (Note 9)
Preferred stock, $0.001 par value, $5,000,000 shares authorized; none issued		0	0
Common stock, $0.001 par value, $45,000,000 shares authorized; $14,814,075 shares issued and outstanding		15	15
Additional paid-in capital		855,813	855,813
Distributions in excess of accumulated earnings		(425,576)	(234,443)
Accumulated other comprehensive loss		0	(40,157)
Total shareholders’ equity		430,252	581,228
Noncontrolling interests		3,968	4,175
Total equity		434,220	585,403
Total liabilities and equity		$ 522,551	$ 805,069

[1] See Note 2 for details related to variable interest entities (“VIEs”).