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CONSOLIDATED BALANCE SHEETS - Consolidated Joint Ventures - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
ASSETS    
Investment in real estate, net $ 1,004,858 $ 1,040,428
Cash and cash equivalents 129,614 88,756
Other assets 73,782 80,318
Property and equipment, net 41,314 59,107
Investments held by special purpose entities 202,806 203,511
Total assets 1,518,426 1,538,574
LIABILITIES    
Debt, net 391,159 437,754
Accounts payable and other liabilities 48,297 53,969
Deferred revenue 58,663 59,274
Senior Notes held by special purpose entity 178,821 178,484
Total liabilities 742,801 801,839
Consolidated Joint Ventures    
ASSETS    
Investment in real estate, net 230,380 256,275
Cash and cash equivalents 4,788 4,458
Other assets 10,930 14,288
Property and equipment, net 10,219 17,487
Investments held by special purpose entities 202,806 203,511
Total assets 459,123 496,019
LIABILITIES    
Debt, net 248,713 272,102
Accounts payable and other liabilities 6,327 7,401
Deferred revenue 323 279
Senior Notes held by special purpose entity 178,821 178,484
Total liabilities $ 434,184 $ 458,266