CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Real estate investments
Property owned	$ 2,438,255	$ 2,420,146
Less accumulated depreciation	(604,175)	(530,703)
Total real estate investments	1,834,080	1,889,443
Cash and cash equivalents	14,453	8,630
Restricted cash	2,794	639
Other assets	36,078	27,649
TOTAL ASSETS	1,887,405	1,926,361
LIABILITIES
Accounts payable and accrued expenses	61,000	62,754
Revolving lines of credit	39,000	30,000
Notes payable, net	299,506	299,459
Mortgages payable, net	582,760	586,563
TOTAL LIABILITIES	982,266	978,776
COMMITMENTS AND CONTINGENCIES (NOTE 10)
SERIES D PREFERRED UNITS (Cumulative convertible preferred units, $100 par value, 166 units issued and outstanding at September 30, 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, no shares issued and outstanding at September 30, 2024 and 3,881 shares issued and outstanding December 31, 2023	0	93,530
Common Shares of Beneficial Interest (Unlimited authorization, no par value, 16,568 shares issued and outstanding at September 30, 2024 and 14,963 shares issued and outstanding at December 31, 2023)	1,270,752	1,165,694
Accumulated distributions in excess of net income	(597,720)	(548,273)
Accumulated other comprehensive loss	(578)	(1,119)
Total shareholders’ equity	672,454	709,832
Noncontrolling interests – Operating Partnership and Series E preferred units	215,444	220,544
Noncontrolling interests – consolidated real estate entities	681	649
TOTAL EQUITY	888,579	931,025
TOTAL LIABILITIES, MEZZANINE EQUITY, AND EQUITY	$ 1,887,405	$ 1,926,361