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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Real estate assets:    
Land [1] $ 563,426 $ 585,191
Buildings and improvements [1] 1,195,757 1,216,054
Real estate assets [1] 1,759,183 1,801,245
Accumulated depreciation [1] (277,484) (228,034)
Real estate investment property, net, before developments in progress [1] 1,481,699 1,573,211
Developments in progress [1] 8,816 8,900
Net investment in real estate assets [1] 1,490,515 1,582,111
Cash and cash equivalents [1] 65,113 34,188
Restricted cash [1] 76,355 88,888
Available-for-sale securities - at fair value (amortized cost of $241,289 and $261,869 as of September 30, 2024 and December 31, 2023, respectively) [1] 241,930 262,142
Receivables:    
Tenant [1] 39,846 43,436
Other [1] 2,231 2,752
Investments in unconsolidated affiliates [1] 83,701 76,458
In-place leases, net [1] 114,099 157,639
Intangible lease assets and other assets [1] 133,826 158,291
Total assets [1] 2,247,616 2,405,905
LIABILITIES AND EQUITY    
Mortgage and other indebtedness, net 1,775,119 1,888,803
Accounts payable and accrued liabilities 174,402 186,485
Total liabilities [1] 1,949,521 2,075,288
Shareholders' equity:    
Common stock, $.001 par value, 200,000,000 shares authorized, 31,249,272 and 31,975,645 issued and outstanding as of September 30, 2024 and December 31, 2023, respectively (in each case, excluding 34 treasury shares) 31 32
Additional paid-in capital 705,181 719,125
Accumulated other comprehensive income 645 610
Accumulated deficit (397,511) (380,446)
Total shareholders' equity 308,346 339,321
Noncontrolling interests (10,251) (8,704)
Total equity 298,095 330,617
Total liabilities, redeemable noncontrolling interests and equity $ 2,247,616 $ 2,405,905
[1] As of September 30, 2024, includes $175,142 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $209,814 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 7.