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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Allowance for credit losses $ 2,127 $ 2,004
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) 130,955,940 119,657,594
Common shares, outstanding (in shares) 130,955,940 119,657,594
Note receivable from related party $ 125,701 $ 126,584
Operating real estate, net 3,895,204 3,543,974
Real estate under development 142,110 129,619
Investments in and advances to unconsolidated affiliates 177,969 209,232
Other assets, net 236,985 223,767
Right-of-use assets - operating leases, net 26,655 25,531
Cash and cash equivalents 31,984 16,806
Restricted cash 24,320 22,897
Rents receivable, net 58,209 58,022
Mortgage and other notes payable, net 1,055,832 953,700
Unsecured notes payable, net 569,951 569,566
Accounts payable and other liabilities 247,704 232,726
Lease liabilities - operating leases 28,933 [1] 27,920
Related Party    
Note receivable from related party 14,000 14,800
VIE    
Operating real estate, net 1,855,850 1,640,071
Real estate under development 32,348 31,514
Investments in and advances to unconsolidated affiliates 70,315 74,361
Other assets, net 92,194 79,381
Right-of-use assets - operating leases, net 1,865 1,978
Cash and cash equivalents 28,448 15,934
Restricted cash 13,272 11,013
Rents receivable, net 27,473 27,317
Mortgage and other notes payable, net 902,293 799,734
Accounts payable and other liabilities 127,613 120,088
Lease liabilities - operating leases $ 1,961 $ 2,077
[1] Minimum rental payments include $7.4 million of interest related to operating leases and $130.3 million related to finance leases and exclude options or renewals not reasonably certain of exercise.