CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Real estate investments
Property owned	$ 2,413,488	$ 2,420,146
Less accumulated depreciation	(553,231)	(530,703)
Total real estate investments	1,860,257	1,889,443
Cash and cash equivalents	12,682	8,630
Restricted cash	1,066	639
Other assets	29,468	27,649
TOTAL ASSETS	1,903,473	1,926,361
LIABILITIES
Accounts payable and accrued expenses	54,614	62,754
Revolving lines of credit	40,357	30,000
Notes payable, net of unamortized loan costs of $525 and $541, respectively	299,475	299,459
Mortgages payable, net of unamortized loan costs of $3,342 and $3,427, respectively	585,382	586,563
TOTAL LIABILITIES	979,828	978,776
COMMITMENTS AND CONTINGENCIES (NOTE 10)
SERIES D PREFERRED UNITS (Cumulative convertible preferred units, $100 par value, 166 units issued and outstanding at March 31, 2024 and December 31, 2023, 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 March 31, 2024 and December 31, 2023, aggregate liquidation preference of $97,036)	93,530	93,530
Common Shares of Beneficial Interest (Unlimited authorization, no par value, 14,912 shares issued and outstanding at March 31, 2024 and 14,963 shares issued and outstanding at December 31, 2023)	1,160,492	1,165,694
Accumulated distributions in excess of net income	(564,951)	(548,273)
Accumulated other comprehensive loss	(922)	(1,119)
Total shareholders’ equity	688,149	709,832
Noncontrolling interests – Operating Partnership and Series E preferred units	218,255	220,544
Noncontrolling interests – consolidated real estate entities	681	649
TOTAL EQUITY	907,085	931,025
TOTAL LIABILITIES, MEZZANINE EQUITY, AND EQUITY	$ 1,903,473	$ 1,926,361