v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Real estate properties:    
Land $ 1,112,238 $ 1,112,238
Buildings and improvements 4,069,337 4,067,721
Total real estate properties, gross 5,181,575 5,179,959
Accumulated depreciation (680,299) (648,310)
Total real estate properties, net 4,501,276 4,531,649
Investment in unconsolidated joint venture 134,436 132,753
Acquired real estate leases, net 156,134 164,186
Cash and cash equivalents 99,500 94,812
Restricted cash and cash equivalents 86,290 [1] 88,219
Rents receivable, including straight line rents of $116,864 and $114,199, respectively 137,585 136,669
Other assets, net 51,543 41,656
Total assets 5,166,764 5,189,944
LIABILITIES AND EQUITY    
Mortgage notes payable, net 4,189,431 4,193,194
Assumed real estate lease obligations, net 10,992 11,679
Total liabilities 4,283,073 4,289,246
Commitments and contingencies
Equity:    
Common shares of beneficial interest, $.01 par value: 100,000,000 shares authorized; 66,666,050 and 66,653,129 shares issued and outstanding, respectively 667 667
Additional paid in capital 1,019,334 1,018,985
Cumulative net deficit (162,087) (152,660)
Cumulative other comprehensive gain (loss) 1,596 (836)
Cumulative common distributions (379,792) (376,459)
Total equity attributable to common shareholders 479,718 489,697
Noncontrolling interests 403,973 411,001
Total equity 883,691 900,698
Total liabilities and equity 5,166,764 5,189,944
Nonrelated Party    
LIABILITIES AND EQUITY    
Accounts payable and other liabilities 76,255 74,571
Related Party    
LIABILITIES AND EQUITY    
Accounts payable and other liabilities $ 6,395 $ 9,802
[1] Restricted cash and cash equivalents consist of cash held for the operations of our consolidated joint venture and amounts escrowed as required by the agreements governing certain of our mortgage debt.