CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Real estate investments
Property owned	$ 2,420,911	$ 2,534,124
Less accumulated depreciation	(519,167)	(535,401)
Total real estate investments	1,901,744	1,998,723
Cash and cash equivalents	8,939	10,458
Restricted cash	48,903	1,433
Other assets	19,298	22,687
TOTAL ASSETS	1,978,884	2,033,301
LIABILITIES
Accounts payable and accrued expenses	56,639	58,812
Revolving lines of credit	143,469	113,500
Notes payable, net of unamortized loan costs of $588 and $993, respectively	299,412	399,007
Mortgages payable, net of unamortized loan costs of $3,750 and $3,615, respectively	474,999	495,126
TOTAL LIABILITIES	974,519	1,066,445
COMMITMENTS AND CONTINGENCIES (NOTE 10)
SERIES D PREFERRED UNITS (Cumulative convertible preferred units, $100 par value, 166 units issued and outstanding at March 31, 2023 and December 31, 2022, aggregate liquidation preference of $16,560)	16,560	16,560
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 March 31, 2023 and December 31, 2022, aggregate liquidation preference of $97,036)	93,530	93,530
Common Shares of Beneficial Interest (Unlimited authorization, no par value, 15,032 shares issued and outstanding at March 31, 2023 and 15,020 shares issued and outstanding at December 31, 2022)	1,176,059	1,177,484
Accumulated distributions in excess of net income	(508,420)	(539,422)
Accumulated other comprehensive income (loss)	(1,917)	(2,055)
Total shareholders’ equity	759,252	729,537
Noncontrolling interests – Operating Partnership and Series E preferred units	227,920	220,132
Noncontrolling interests – consolidated real estate entities	633	627
TOTAL EQUITY	987,805	950,296
TOTAL LIABILITIES, MEZZANINE EQUITY, AND EQUITY	$ 1,978,884	$ 2,033,301