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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022
--- | --- | ---
Allowance for credit losses | $ 988 | $ 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) | 95,310,104 | 95,120,773
Common shares, outstanding (in shares) | 95,310,104 | 95,120,773
Operating real estate, net | $ 3,482,675 | $ 3,343,265
Real estate under development | 92,729 | 184,602
Investments in and advances to unconsolidated affiliates | 184,034 | 291,156
Other assets, net | 243,498 | 229,591
Right-of-use assets - operating leases, net | 30,180 | 37,281
Cash and cash equivalents | 19,312 | 17,158
Restricted cash | 7,868 | 15,063
Rents receivable, net | 50,415 | 49,506
Mortgage and other notes payable, net | 961,611 | 928,639
Unsecured notes payable, net | 666,188 | 696,134
Accounts payable and other liabilities | 221,586 | 196,491
Lease liability - operating leases, net | 32,520 | 35,271
VIE |  |
Operating real estate, net | 1,636,783 | 1,466,381
Real estate under development | 28,132 | 129,888
Investments in and advances to unconsolidated affiliates | 100,502 | 210,922
Other assets, net | 97,396 | 98,675
Right-of-use assets - operating leases, net | 2,220 | 2,535
Cash and cash equivalents | 10,506 | 13,330
Restricted cash | 7,400 | 14,995
Rents receivable, net | 19,666 | 17,915
Mortgage and other notes payable, net | 795,600 | 761,166
Unsecured notes payable, net | 20,264 | 51,202
Accounts payable and other liabilities | 122,162 | 95,385
Lease liability - operating leases, net | $ 2,326 | $ 2,657

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