Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Assets
Land	$ 373,171	$ 322,623
Income producing property	1,882,235	1,642,147
Net income producing property, at cost	2,255,406	1,964,770
Accumulated depreciation and amortization	(461,293)	(402,560)
Net income producing property	1,794,113	1,562,210
Properties under development or held for future development	31,232	30,631
Total real estate held for investment, net	1,825,345	1,592,841
Cash and cash equivalents	8,436	233,600
Restricted cash	1,437	620
Rents and other receivables	16,088	15,067
Prepaid expenses and other assets	28,228	33,866
Total assets	1,879,534	1,875,994
Liabilities
Notes payable, net	497,247	496,946
Line of credit	43,000	0
Accounts payable and other liabilities	36,219	40,585
Dividend payable	14,919	14,650
Advance rents	1,489	2,082
Tenant security deposits	5,461	4,669
Total liabilities	598,335	558,932
Shareholders’ equity
Preferred shares; $0.01 par value; 10,000 shares authorized; no shares issued or outstanding	0	0
Shares of beneficial interest, $0.01 par value; 150,000 and 100,000 shares authorized; 87,504 and 86,261 shares issued and outstanding, as of September 30, 2022 and December 31, 2021, respectively	875	863
Additional paid in capital	1,728,840	1,697,477
Distributions in excess of net income	(434,539)	(362,494)
Accumulated other comprehensive loss	(14,278)	(19,091)
Total shareholders’ equity	1,280,898	1,316,755
Noncontrolling interests in subsidiaries	301	307
Total equity	1,281,199	1,317,062
Total liabilities and equity	$ 1,879,534	$ 1,875,994