CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Real estate investments
Property owned	$ 2,401,427	$ 2,271,170
Less accumulated depreciation	(487,834)	(443,592)
Total property owned	1,913,593	1,827,578
Mortgage loans receivable at fair value	0	43,276
Total real estate investments	1,913,593	1,870,854
Cash and cash equivalents	13,156	31,267
Restricted cash	1,914	7,358
Other assets	18,950	30,582
TOTAL ASSETS	1,947,613	1,940,061
LIABILITIES
Accounts payable and accrued expenses	48,077	62,403
Revolving lines of credit	73,000	76,000
Notes payable, net of unamortized loan costs of $626 and $656, respectively	299,374	299,344
Mortgages payable, net of unamortized loan costs of $3,632 and $3,187, respectively	497,917	480,703
TOTAL LIABILITIES	918,368	918,450
COMMITMENTS AND CONTINGENCIES (NOTE 10)
SERIES D PREFERRED UNITS (Cumulative convertible preferred units, $100 par value, 166 units issued and outstanding at June 30, 2022 and December 31, 2021, aggregate liquidation preference of $16,560)	18,627	25,331
EQUITY
Series C Preferred Shares of Beneficial Interest (Cumulative redeemable preferred shares, no par value, $25 per share liquidation preference, 3,881 shares issued and outstanding at June 30, 2022 and December 31, 2021, aggregate liquidation preference of $97,036)	93,530	93,530
Common Shares of Beneficial Interest (Unlimited authorization, no par value, 15,373 shares issued and outstanding at June 30, 2022 and 15,016 shares issued and outstanding at December 31, 2021)	1,207,849	1,157,255
Accumulated distributions in excess of net income	(511,552)	(474,318)
Accumulated other comprehensive income (loss)	(2,362)	(4,435)
Total shareholders’ equity	787,465	772,032
Noncontrolling interests – Operating Partnership and Series E preferred units	222,528	223,600
Noncontrolling interests – consolidated real estate entities	625	648
Total equity	1,010,618	996,280
TOTAL LIABILITIES, MEZZANINE EQUITY, AND EQUITY	$ 1,947,613	$ 1,940,061