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Land, Buildings and Improvements, Finance Receivables and Assets Held for Sale (Tables)

6 Months Ended

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.

X

- 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

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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

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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

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