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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
OPERATING ACTIVITIES      
Net income (loss) $ 44,163,000 $ (45,003,000) $ (520,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Gain on sales (125,500,000) (49,904,000) (4,396,000)
Impairment charges 25,979,000 99,888,000 7,607,000
Straight-line rents and expenses, net (506,000) (161,000) 1,279,000
Provision for doubtful accounts 968,000 1,114,000 1,478,000
Depreciation and amortization 19,372,000 39,454,000 48,412,000
Amortization of intangible lease liabilities, net (1,080,000) (1,074,000) (1,373,000)
Expense relating to share-based compensation, net 1,608,000 3,043,000 3,723,000
Amortization of deferred financing costs 6,105,000 1,360,000 1,331,000
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:      
Rents and other receivables (15,575,000) (1,266,000) (2,811,000)
Prepaid expenses and other (5,654,000) (2,709,000) (9,216,000)
Accounts payable and accrued liabilities 29,656,000 220,000 (2,934,000)
Net cash (used in) provided by operating activities (20,464,000) 44,962,000 42,580,000
INVESTING ACTIVITIES      
Expenditures for real estate improvements (22,407,000) (28,309,000) (39,551,000)
Net proceeds from sales of real estate 699,337,000 104,497,000 21,182,000
Contributions to unconsolidated joint venture (155,000) (4,654,000)  
Net cash provided by (used in) investing activities 676,775,000 71,534,000 (18,369,000)
FINANCING ACTIVITIES      
Repayments under revolving credit facility (70,000,000) (188,000,000) (104,000,000)
Advances under revolving credit facility 4,000,000 79,000,000 173,000,000
Repayment of term note (300,000,000) (100,000,000) (75,000,000)
Proceeds (termination payment) related to interest rate swap 3,400,000 (503,000)  
Term loans and mortgage proceeds 265,000,000 114,000,000  
Term loan and mortgage repayments (130,664,000) (1,110,000) (1,067,000)
Payments of debt financing costs (7,368,000) (3,278,000) (326,000)
Noncontrolling interests:      
Purchase of minority interest   (276,000)  
Distributions to limited partners (966,000) (20,000) (42,000)
Acquisition of joint venture minority interest share 1,000,000    
Redemption of OP units (467,000) (8,000)  
Common stock sales less issuance expenses, net     13,000
Preferred stock dividends (10,752,000) (10,752,000) (10,752,000)
Distributions to common shareholders (397,300,000) (3,917,000) (7,147,000)
Net cash used in financing activities (646,117,000) (114,864,000) (25,321,000)
Net increase (decrease) in cash, cash equivalents and restricted cash 10,194,000 1,632,000 (1,110,000)
Cash, cash equivalents and restricted cash at beginning of year 3,269,000 1,637,000 2,747,000
Cash, cash equivalents and restricted cash at end of year 13,463,000 3,269,000 1,637,000
Reconciliation to consolidated balance sheets:      
Cash and cash equivalents 3,899,000 3,039,000 1,637,000
Restricted cash 9,564,000 230,000  
Cash, cash equivalents and restricted cash at end of year $ 13,463,000 $ 3,269,000 $ 1,637,000