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Land, Buildings and Improvements, Finance Receivables and Assets Held for Sale (Tables) | 6 Months Ended
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Jun. 30, 2025
Real Estate [Abstract] |
Schedule of Real Estate | Land and buildings leased to others, which are subject to operating leases, and real estate under construction, are summarized as follows (in thousands):
| June 30, 2025 |  | December 31, 2024
Land | $ | 71,078 |  |  | $ | 94,123 |
Buildings and improvements | 509,582 |  |  | 635,775 |
Real estate under construction | 1,253 |  |  | 447 |
Less: Accumulated depreciation | (142,876) |  |  | (152,067) |
| $ | 439,037 |  |  | $ | 578,278 |
Schedule of Operating Lease Income | Lease income related to operating leases recognized and included in the consolidated statements of operations is as follows (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Lease income — fixed | $ | 20,052 |  |  | $ | 27,182 |  |  | $ | 40,559 |  |  | $ | 58,544 |
Lease income — variable (a) | 7,456 |  |  | 7,967 |  |  | 14,341 |  |  | 14,919 |
Total operating lease income | $ | 27,508 |  |  | $ | 35,149 |  |  | $ | 54,900 |  |  | $ | 73,463 |
__________ (a)Includes (i) rent increases based on changes in the U.S. Consumer Price Index (CPI) and other comparable indices and (ii) reimbursements for property taxes, insurance, and common area maintenance services.
Schedule of Assets and Liabilities Held for Sale | Below is a summary of our properties held for sale (in thousands):
| June 30, 2025 |  | December 31, 2024
Land, buildings and improvements | $ | 63,501 |  |  | $ | 31,066 |
In-place lease intangible assets and other | 20,933 |  |  | 3,891 |
Above-market rent intangible assets | 2,323 |  |  | 1,382 |
Accumulated depreciation and amortization | (24,889) |  |  | (7,042) |
Assets held for sale, net | $ | 61,868 |  |  | $ | 29,297 |
Below-market rent intangible liabilities, net (a) | $ | 1,351 |  |  | $ | — |
__________ (a)Included within Accounts payable, accrued expenses and other liabilities on our consolidated balance sheets.

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- Definition Tabular disclosure of long lived assets held for sale. Disclosure may include the description of the facts and circumstances leading to the expected disposal, manner and timing of disposal, the carrying value of the assets held for sale, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 3 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3 + Details
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- Definition Tabular disclosure of components of income from operating lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479773/842-30-50-5 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-6A + Details
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- Definition Tabular disclosure of real estate properties and units in those properties that are included in the discussion of the nature of an entity's operations. + References No definition available. + Details
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