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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Real estate assets:    
Land [1] $ 585,191 $ 596,715
Buildings and improvements [1] 1,216,054 1,198,597
Real estate assets [1] 1,801,245 1,795,312
Accumulated depreciation [1] (228,034) (136,901)
Real estate investment property, net, before developments in progress [1] 1,573,211 1,658,411
Developments in progress [1] 8,900 5,576
Net investment in real estate assets [1] 1,582,111 1,663,987
Cash and cash equivalents [1] 34,188 44,718
Restricted cash [1] 88,888 97,231
Available-for-sale securities - at fair value (amortized cost of $261,869 and $293,476 as of December 31, 2023 and 2022, respectively) [1] 262,142 292,422
Receivables:    
Tenant [1] 43,436 40,620
Other [1] 2,752 3,876
Investments in unconsolidated affiliates [1] 76,458 77,295
In-place leases, net [1] 157,639 247,497
Above market leases, net [1] 118,673 171,265
Intangible lease assets and other assets [1] 39,618 39,332
Total assets [1] 2,405,905 2,678,243
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY    
Mortgage and other indebtedness, net 1,888,803 2,000,186
Below market leases, net 80,408 110,616
Accounts payable and accrued liabilities 106,077 200,312
Total liabilities [1] 2,075,288 2,311,114
OWNERS' EQUITY (DEFICIT):    
Common stock, $.001 par value, 200,000,000 shares authorized, 31,975,645 and 31,780,075 issued and outstanding as of December 31, 2023 and 2022, respectively (in each case, excluding 34 treasury shares) 32 32
Additional paid-in capital 719,125 710,497
Accumulated other comprehensive income (loss) 610 (1,054)
Accumulated deficit (380,446) (338,934)
Total shareholders' equity 339,321 370,541
Noncontrolling interests (8,704) (3,412)
Total owners' deficit 330,617 367,129
Total liabilities, redeemable noncontrolling interests and equity $ 2,405,905 $ 2,678,243
[1] As of December 31, 2023, includes $187,221 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $209,637 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 10.