Consolidated Balance Sheet - USD ($) $ in Thousands	Sep. 30, 2021	Jan. 30, 2021
Investment properties:
Land and improvements	$ 583,520	$ 716,504
Building and other improvements	977,599	999,983
Gross investment properties	1,561,119	1,716,487
Less: accumulated depreciation	(21,718)	0
Net investment properties	1,539,401	1,716,487
Cash and cash equivalents	151,271	25,563
Accounts receivable	41,513	0
Lease intangible assets, net	291,324	314,264
Right-of-use lease assets	101,139	110,691
Assets associated with investment properties held for sale	57,010	0
Other assets, net	2,095	0
Total assets	2,183,753	2,167,005
Liabilities:
Accounts payable and accrued expenses	1,610	8,651
Lease intangible liabilities, net	134,249	168,159
Lease liabilities	37,534	38,075
Liabilities associated with investment properties held for sale	17,269
Other liabilities	7,818	0
Total liabilities	198,480	214,885
Commitments and contingencies (Note 5)
Equity:
Trust certificates, no par value, 75,000,000 certificates authorized, issued and outstanding, as of September 30, 2021 and Effective Date	0	0
Additional paid-in capital	1,952,120	1,952,120
Retained earnings	33,153	0
Total equity	1,985,273	1,952,120
Total liabilities and equity	$ 2,183,753	$ 2,167,005