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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Real estate assets:    
Land [1] $ 596,715 $ 599,283
Buildings and improvements [1] 1,198,597 1,173,106
Real estate assets [1] 1,795,312 1,772,389
Accumulated depreciation [1] (136,901) (19,939)
Real estate investment property, net, before developments in progress [1] 1,658,411 1,752,450
Developments in progress [1] 5,576 16,665
Net investment in real estate assets [1] 1,663,987 1,769,115
Cash and cash equivalents [1] 44,718 169,554
Available-for-sale securities - at fair value (amortized cost of $ 293,476 and $149,999 as of December 31, 2022 and December 31, 2021, respectively) [1] 292,422 149,996
Receivables:    
Tenant [1] 40,620 25,190
Other [1] 3,876 4,793
Investments in unconsolidated affiliates [1] 77,295 103,655
In-place leases, net [1] 247,497 384,705
Above market leases, net [1] 171,265 234,286
Intangible lease assets and other assets [1] 136,563 104,685
Total assets [1] 2,678,243 2,945,979
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY    
Mortgage and other indebtedness, net 2,000,186 1,813,209
10% senior secured notes - at fair value (carrying amount of $395,000 as of December 31, 2021)   395,395
Below market leases, net 110,616 151,871
Accounts payable and accrued liabilities 200,312 184,404
Total liabilities [1] 2,311,114 2,544,879
Commitments and contingencies (Note 8 and Note 14)
Shareholders' equity:    
Common stock, value 32 21
Additional paid-in capital 710,497 547,726
Accumulated other comprehensive loss (1,054) (3)
Accumulated deficit (338,934) (151,545)
Total shareholders' equity 370,541 396,199
Noncontrolling interests (3,412) 4,901
Total equity 367,129 401,100
Total liabilities, redeemable noncontrolling interests and equity $ 2,678,243 $ 2,945,979
[1] As of December 31, 2022, includes $195,034 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $202,901 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 10.