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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Investment in real estate    
Land $ 25,406 $ 65,009
Buildings and improvements 134,946 239,978
Accumulated depreciation (14,908) (39,940)
Real Estate Investment Property, at Cost, Total 145,444 265,047
Construction in progress 629 93,587
Net investment in real estate 146,073 358,634
Real estate held for sale 8,692 0
Investment in unconsolidated entities 156,242 189,699
Cash and cash equivalents 48,088 85,206
Restricted cash 14,197 12,503
Tenant and other receivables, net 3,665 7,894
Lease intangible assets, net 171 1,047
Prepaid expenses, deferred expenses and other assets, net 16,651 22,791
Total assets 393,779 677,774
Liabilities    
Term loan facility, net 47,677 240,000
Accounts payable, accrued expenses and other liabilities 13,302 31,971
Total liabilities 60,979 271,971
Commitments and Contingencies (Note 9)
Shareholders' Equity    
Additional paid-in capital 1,362,719 1,362,644
Accumulated deficit (1,031,893) (958,778)
Total shareholders' equity 331,416 404,456
Non-controlling interests 1,384 1,347
Total equity 332,800 405,803
Total liabilities and equity 393,779 677,774
Class A Common Shares [Member]    
Shareholders' Equity    
Common shares 562 562
Series A Preferred Shares [Member]    
Shareholders' Equity    
Preferred shares $ 28 $ 28