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Real Estate Investments (Tables)
 3 Months Ended
Mar. 31, 2024
Business Combination and Asset Acquisition [Abstract]  
Schedule of Equity Method Investments
The Company's investment in and loss recognized for the three months ended March 31, 2024 and 2023 related to its unconsolidated joint ventures accounted for under the equity method are shown in the table below:
THREE MONTHS ENDED
March 31,
Dollars in thousands20242023
Investments in unconsolidated joint ventures, beginning of period $311,511 $327,248 
New investment during the period 1
— 3,824 
Equity loss recognized during the period (422)(780)
Owner distributions(1,335)(2,546)
Investments in unconsolidated joint ventures, end of period $309,754 $327,746 
1In 2023, this was an additional investment in an existing joint venture in which the Company retained a 40% ownership interest. The investment consisted of the Company's sale of a property in Dallas, Texas to the joint venture.
Schedule of Assets and Liabilities Held for Sale
The table below reflects the assets and liabilities classified as held for sale as of March 31, 2024 and December 31, 2023:
Dollars in thousandsMarch 31, 2024December 31, 2023
Balance Sheet data:
Land$2,023 $1,850 
Building and improvements12,440 6,779 
Lease intangibles2,001 1,017 
16,464 9,646 
Accumulated depreciation(2,050)(913)
Real estate assets held for sale, net 1
14,414 8,733 
Cash and cash equivalents260 — 
Operating lease right-of-use assets193 — 
Other assets, net16,101 101 
Assets held for sale, net$30,968 $8,834 
Accounts payable and accrued liabilities$135 $23 
Operating lease liabilities211 — 
Other liabilities354 272 
Liabilities of assets held for sale$700 $295 
1 Net real estate assets held for sale includes the impact of $1.5 million of impairment charges for the three months ended March 31, 2024.