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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues from operations:        
Rental income $ 24,203 $ 59,441 $ 86,315 $ 236,703
Fee and other income 2,897 1,559 16,878 5,864
Total revenue from operations 27,100 61,000 103,193 242,567
Rental operation expenses:        
Operating and maintenance 5,505 10,537 19,094 39,533
Real estate taxes 3,895 8,859 13,306 35,749
Impairment charges 106,570 0 106,570 66,600
General and administrative 10,295 17,179 29,108 45,603
Depreciation and amortization 10,768 23,228 36,941 88,284
Total rental operation expenses 137,033 59,803 205,019 275,769
Other income (expense):        
Interest expense (3,975) (16,706) (14,854) (53,629)
Interest income 1,411 14,002 2,494 29,845
Gain on derivative instruments 0 754 0 (4,412)
Debt extinguishment costs (576) (32,559) (1,080) (42,822)
Gain on debt retirement     0 1,037
Transaction costs and other expense (797) (217) (2,923) (743)
Total other income (expense) (3,937) (34,726) (16,363) (70,724)
Loss before earnings from discontinued operations, equity method investments and other items (113,870) (33,529) (118,189) (103,926)
Equity in net (loss) income of joint ventures (499) 328 (528) 406
Gain on sale and change in control of interest     0 2,669
Gain on disposition of real estate, net 108,401 368,139 162,666 633,169
(Loss) income before tax expense (5,968) 334,938 43,949 532,318
Tax expense of taxable REIT subsidiary and state franchise and income taxes (190) (199) (518) (732)
(Loss) income from continuing operations (6,158) 334,739 43,431 531,586
Income (loss) from discontinued operations 0 (11,786) 0 6,060
Net (loss) income (6,158) 322,953 43,431 537,646
Preferred dividends 0 (2,789) 0 (8,367)
Net (loss) income attributable to common shareholders $ (6,158) $ 320,164 $ 43,431 $ 529,279
Basic:        
(Loss) income from continuing operations, Basic $ (0.13) $ 6.31 $ 0.8 $ 9.95
Loss from discontinued operations, Basic 0 (0.22) 0 0.12
Total, Basic (0.13) 6.09 0.8 10.07
Diluted:        
(Loss) income from continuing operations, Diluted (0.13) 6.29 0.8 9.91
Loss from discontinued operations, Diluted 0 (0.22) 0 0.12
Total, Diluted $ (0.13) $ 6.07 $ 0.8 $ 10.03