CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Dec. 31, 2025	Dec. 31, 2024
Investments in real estate:
Land, buildings and improvements		$ 218,799	$ 730,345
Net investments in finance leases		41,878	0
In-place lease intangible assets and other		45,160	209,968
Above-market rent intangible assets		10,760	30,512
Investments in real estate		316,597	970,825
Accumulated depreciation and amortization		(102,926)	(292,679)
Assets held for sale, net		96,269	29,297
Net investments in real estate		309,940	707,443
Cash and cash equivalents		119,621	25,121
Restricted cash		3,011	43,305
Other assets, net		20,799	29,200
Total assets	[1]	453,371	805,069
Debt:
Non-recourse mortgages, net		21,900	111,259
NLOP Mezzanine Loan, net		0	57,957
Debt, net		21,900	169,216
Accounts payable, accrued expenses and other liabilities		56,104	44,145
Below-market rent intangible liabilities, net		1,990	6,305
Dividends payable		75,552	0
Total liabilities	[1]	155,546	219,666
Commitments and contingencies (Note 11)
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		(561,917)	(234,443)
Accumulated other comprehensive loss		0	(40,157)
Total shareholders’ equity		293,911	581,228
Noncontrolling interests		3,914	4,175
Total equity		297,825	585,403
Total liabilities and equity		$ 453,371	$ 805,069

[1] See Note 3 for details related to variable interest entities (“VIEs”).