XML 12 R3.htm IDEA: XBRL DOCUMENT v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Allowance for credit losses $ 1,704 $ 2,004
Common shares, par value (in dollars per share) $ 0.001 $ 0.001
Common shares, authorized (in shares) 200,000,000 200,000,000
Common shares, issued (in shares) 131,010,546 119,657,594
Common shares, outstanding (in shares) 131,010,546 119,657,594
Note receivable from related party $ 154,682 $ 126,584
Operating real estate, net 3,962,806 3,543,974
Real estate under development 153,196 129,619
Investments in and advances to unconsolidated affiliates 172,418 209,232
Other assets, net 219,598 223,767
Right-of-use assets - operating leases, net 25,609 25,531
Cash and cash equivalents 42,780 16,806
Restricted cash 25,029 22,897
Rents receivable, net 61,099 58,022
Mortgage and other notes payable, net 1,007,588 953,700
Unsecured notes payable, net 743,049 569,566
Accounts payable and other liabilities 270,985 232,726
Lease liabilities - operating leases 27,980 [1] 27,920
Related Party    
Note receivable from related party 14,100 14,800
VIE    
Operating real estate, net 1,828,630 1,640,071
Real estate under development 33,168 31,514
Investments in and advances to unconsolidated affiliates 64,429 74,361
Other assets, net 88,623 79,381
Right-of-use assets - operating leases, net 1,752 1,978
Cash and cash equivalents 28,215 15,934
Restricted cash 13,784 11,013
Rents receivable, net 27,964 27,317
Mortgage and other notes payable, net 904,487 799,734
Accounts payable and other liabilities 130,004 120,088
Lease liabilities - operating leases $ 1,843 $ 2,077
[1] Minimum rental payments include $7.0 million of interest related to operating leases and $129.7 million related to finance leases. These amounts exclude lease renewal options that not reasonably certain to be exercised.