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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022
--- | --- | ---
Allowance for credit losses | $ 899 | $ 898
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) | 95,296,799 | 95,120,773
Common shares, outstanding (in shares) | 95,296,799 | 95,120,773
Operating real estate, net | $ 3,386,576 | $ 3,343,265
Real estate under development | 122,275 | 184,602
Investments in and advances to unconsolidated affiliates | 191,925 | 291,156
Other assets, net | 219,928 | 229,591
Right-of-use assets - operating leases, net | 35,481 | 37,281
Cash and cash equivalents | 17,193 | 17,158
Restricted cash | 12,325 | 15,063
Rents receivable, net | 47,557 | 49,506
Mortgage and other notes payable, net | 935,348 | 928,639
Unsecured notes payable, net | 647,589 | 696,134
Accounts payable and other liabilities | 182,641 | 196,491
Lease liability - operating leases, net | 33,445 | 35,271
VIE |  |
Operating real estate, net | 1,525,238 | 1,466,381
Real estate under development | 63,308 | 129,888
Investments in and advances to unconsolidated affiliates | 108,031 | 210,922
Other assets, net | 90,164 | 98,675
Right-of-use assets - operating leases, net | 2,326 | 2,535
Cash and cash equivalents | 12,008 | 13,330
Restricted cash | 12,246 | 14,995
Rents receivable, net | 17,710 | 17,915
Mortgage and other notes payable, net | 768,844 | 761,166
Unsecured notes payable, net | 1,996 | 51,202
Accounts payable and other liabilities | 91,803 | 95,385
Lease liability - operating leases, net | $ 2,437 | $ 2,657

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