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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (17,409) $ (36,459)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation 15,934 14,900
Amortization of deferred financing costs 1,737 914
Amortization of deferred costs and intangible assets 309 291
Loss on Impairment of long-lived assets 0 33,780
Loss on disposal of long-lived asset 0 (685)
Deferred rent (473) 59
Stock-based compensation 2,172 2,221
Bad debt (recovery) expense (10) 50
Changes in operating assets and liabilities:    
Tenant and other receivables 2,955 (1,524)
Prepaid expenses, other assets and deferred costs 4,503 (1,411)
Accounts payable and accrued liabilities 6,917 2,251
Security deposits 488 24
Other liabilities 876 (737)
Net cash provided by operating activities 17,999 15,044
CASH FLOWS FROM INVESTING ACTIVITIES    
Additions to land, buildings, and improvements (4,964) (25,425)
Proceeds from sale of real estate, net 0 43,489
Purchase of interest rate caps (0) 97
Net cash provided (used) in investing activities (4,964) 17,967
CASH FLOWS FROM FINANCING ACTIVITIES    
Payments of mortgage notes (1,009) (163,224)
Proceeds from mortgage notes 2,000 165,188
Dividends and distributions (9,402) (9,228)
Loan issuance and extinguishment costs (203) (2,961)
Net cash provided (used) by financing activities (8,614) (10,225)
Net increase in cash and cash equivalents and restricted cash 4,421 22,786
Cash and cash equivalents and restricted cash - beginning of period 58,154 38,052
Cash and cash equivalents and restricted cash - end of period 62,575 60,838
Cash and cash equivalents 30,815 19,896
Restricted cash 27,339 18,156
Cash and cash equivalents 37,702 32,029
Restricted cash 24,873 28,809
Supplemental cash flow information:    
Cash paid for interest, net of capitalized interest of $2,780 in 2025 23,213 23,927
Non-cash interest capitalized to real estate under development 0 1,913
Additions to investment in real estate included in accounts payable and accrued liabilities $ 2,331 $ 2,621