CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Assets
Real estate held for investment, net	$ 1,028,007	$ 1,091,881
Real estate held for sale, net	0	2,873
Real estate equity securities	8,598	41,609
Total real estate and real estate-related investments, net	1,036,605	1,136,363
Cash and cash equivalents	40,467	99,160
Restricted cash	39,014	56,049
Investments in unconsolidated entities	66,136	45,901
Rents and other receivables, net	23,234	22,500
Prepaid expenses and other assets	23,778	28,170
Total assets	1,229,234	1,388,143
Liabilities and equity
Notes and bonds payable related to real estate held for investment, net	999,442	1,026,714
Notes payable related to real estate held for sale, net	0	1,969
Notes and bonds payable, net	999,442	1,028,683
Accounts payable and accrued liabilities	27,963	30,409
Total liabilities	1,090,396	1,124,779
Commitments, contingencies and guarantees (Note 9)
Equity
Preferred stock, $.01 par value; 10,000,000 shares authorized, no shares issued and outstanding	0	0
Common stock, $.01 par value; 1,000,000,000 shares authorized, 103,016,968 and 103,310,648 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively	1,030	1,033
Additional paid-in capital	899,052	901,049
Cumulative distributions and net loss	(760,627)	(639,933)
Total stockholders’ equity	139,455	262,149
Noncontrolling (deficit) interests	(617)	1,215
Total equity	138,838	263,364
Total liabilities and equity	1,229,234	1,388,143
Due to affiliates
Liabilities and equity
Payable as of	10,976	7,902
Other liabilities
Liabilities and equity
Payable as of	$ 52,015	$ 57,785