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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023
--- | --- | ---
Allowance for credit losses | $ 1,416 | $ 1,279
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) | 103,155,933 | 95,361,676
Common shares, outstanding (in shares) | 103,155,933 | 95,361,676
Operating real estate, net | $ 3,499,695 | $ 3,517,281
Real estate under development | 96,594 | 94,799
Investments in and advances to unconsolidated affiliates | 198,702 | 197,240
Other assets, net | 212,699 | 208,460
Right-of-use assets - operating leases, net | 28,348 | 29,286
Cash and cash equivalents | 18,795 | 17,481
Restricted cash | 8,119 | 7,813
Rents receivable, net | 51,532 | 49,504
Mortgage and other notes payable, net | 962,468 | 930,127
Unsecured notes payable, net | 646,524 | 726,727
Accounts payable and other liabilities | 218,116 | 229,375
Lease liability - operating leases | 30,620 | 31,580
VIE |  |
Operating real estate, net | 1,672,427 | 1,679,779
Real estate under development | 29,031 | 28,851
Investments in and advances to unconsolidated affiliates | 90,221 | 92,802
Other assets, net | 96,673 | 101,679
Right-of-use assets - operating leases, net | 2,003 | 2,112
Cash and cash equivalents | 15,497 | 10,787
Restricted cash | 6,635 | 7,048
Rents receivable, net | 22,462 | 21,427
Mortgage and other notes payable, net | 804,746 | 764,614
Unsecured notes payable, net | 0 | 80,473
Accounts payable and other liabilities | 130,544 | 127,162
Lease liability - operating leases | $ 2,098 | $ 2,213

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