CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Real estate investments
Property owned	$ 2,434,138	$ 2,534,124
Less accumulated depreciation	(543,264)	(535,401)
Total real estate investments	1,890,874	1,998,723
Cash and cash equivalents	9,745	10,458
Restricted cash	566	1,433
Other assets	18,992	22,687
TOTAL ASSETS	1,920,177	2,033,301
LIABILITIES
Accounts payable and accrued expenses	56,713	58,812
Revolving lines of credit	18,989	113,500
Notes payable, net of unamortized loan costs of $572 and $993, respectively	299,428	399,007
Mortgages payable, net of unamortized loan costs of $3,450 and $3,615, respectively	563,079	495,126
TOTAL LIABILITIES	938,209	1,066,445
COMMITMENTS AND CONTINGENCIES (NOTE 10)
SERIES D PREFERRED UNITS (Cumulative convertible preferred units, $100 par value, 166 units issued and outstanding at June 30, 2023 and December 31, 2022, aggregate liquidation preference of $16,560)	16,560	16,560
EQUITY
Series C Preferred Shares of Beneficial Interest (Cumulative redeemable preferred shares, no par value, $25 per share liquidation preference, 3,881 shares issued and outstanding at June 30, 2023 and December 31, 2022, aggregate liquidation preference of $97,036)	93,530	93,530
Common Shares of Beneficial Interest (Unlimited authorization, no par value, 14,949 shares issued and outstanding at June 30, 2023 and 15,020 shares issued and outstanding at December 31, 2022)	1,169,501	1,177,484
Accumulated distributions in excess of net income	(522,796)	(539,422)
Accumulated other comprehensive loss	(1,758)	(2,055)
Total shareholders’ equity	738,477	729,537
Noncontrolling interests – Operating Partnership and Series E preferred units	226,294	220,132
Noncontrolling interests – consolidated real estate entities	637	627
TOTAL EQUITY	965,408	950,296
TOTAL LIABILITIES, MEZZANINE EQUITY, AND EQUITY	$ 1,920,177	$ 2,033,301