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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Real estate assets:    
Land [1] $ 585,476 $ 596,715
Buildings and improvements [1] 1,208,266 1,198,597
Real estate assets [1] 1,793,742 1,795,312
Accumulated depreciation [1] (205,547) (136,901)
Real estate investment property, net, before developments in progress [1] 1,588,195 1,658,411
Developments in progress [1] 6,555 5,576
Net investment in real estate assets [1] 1,594,750 1,663,987
Cash and cash equivalents [1] 34,509 44,718
Restricted cash [1] 85,167 97,231
Available-for-sale securities - at fair value (amortized cost of $258,507 and $293,476 as of September 30, 2023 and December 31, 2022, respectively) [1] 258,254 292,422
Receivables:    
Tenant [1] 36,927 40,620
Other [1] 3,786 3,876
Investments in unconsolidated affiliates [1] 73,434 77,295
In-place leases, net [1] 175,579 247,497
Above market leases, net [1] 130,047 171,265
Intangible lease assets and other assets [1] 43,898 39,332
Total assets [1] 2,436,351 2,678,243
LIABILITIES AND EQUITY    
Mortgage and other indebtedness, net 1,900,473 2,000,186
Below market leases, net 86,167 110,616
Accounts payable and accrued liabilities 120,741 200,312
Total liabilities [1] 2,107,381 2,311,114
Shareholders' equity:    
Common stock, $.001 par value, 200,000,000 shares authorized, 32,014,631 and 31,780,075 issued and outstanding as of September 30, 2023 and December 31, 2022, respectively (in each case, excluding 34 treasury shares) 32 32
Additional paid-in capital 717,559 710,497
Accumulated other comprehensive loss 957 (1,054)
Accumulated deficit (380,258) (338,934)
Total shareholders' equity 338,290 370,541
Noncontrolling interests (9,320) (3,412)
Total equity 328,970 367,129
Total liabilities, redeemable noncontrolling interests and equity $ 2,436,351 $ 2,678,243
[1] As of September 30, 2023, includes $186,582 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $212,100 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 8.